States that have experienced a net increase in the unemployment rate of more than 2 percentage points from February 2020 to the latest available data as of the date of certification will receive their full allocation of funds in a single payment other states will receive funds in two equal tranches. Local governments will receive funds in two tranches, with 50% provided beginning in May 2021 and the balance delivered approximately 12 months later. To protect the privacy of Tribal government information, each Tribal government will receive its allocation amount after submitting its request for funding in the Treasury Submission Portal. The Coronavirus State Fiscal Recovery Fund will provide $20 billion to support Tribal governments.Īdditional Information for Tribal Governments Treasury expects to make payments to states and territories, which will distribute amounts to eligible NEUs in their jurisdiction in accordance with the guidelines established by Treasury.Īdditional Information on Non-entitlement Units Tribal Governments
The Coronavirus Local Fiscal Recovery Fund will provide $19.53 billion to support non-entitlement units of local government (NEUs), which are local governments typically serving a population under 50,000.
How to Request FundingĮligible state, territorial, metropolitan city, county, and Tribal governments may now request their allocation of Coronavirus State and Local Fiscal Recovery Funds through the Treasury Submission Portal. These funds can also be used to make necessary investments in water, sewer, and broadband infrastructure.Ĭoncurrent with this program launch, Treasury has published an Interim Final Rule that implements the provisions of this program. Read more information on the process for finalizing the interim final rule.
The Coronavirus State and Local Fiscal Recovery Funds provide substantial flexibility for each government to meet local needs-including support for households, small businesses, impacted industries, essential workers, and the communities hardest hit by the crisis. Address systemic public health and economic challenges that have contributed to the inequal impact of the pandemic.Support immediate economic stabilization for households and businesses.Replace lost revenue for eligible state, local, territorial, and Tribal governments to strengthen support for vital public services and help retain jobs.Support urgent COVID-19 response efforts to continue to decrease spread of the virus and bring the pandemic under control.Treasury is launching this much-needed relief to: The Coronavirus State and Local Fiscal Recovery Funds provide a substantial infusion of resources to help turn the tide on the pandemic, address its economic fallout, and lay the foundation for a strong and equitable recovery.